As Ascendas REIT (AREIT) has delivered better occupancy of 91.9% in 3QFY2020, analysts are positive on its prospects ahead.

CGS-CIMB Research has upgraded AREIT to an “add” rating from “hold” and raised its target price to $3.20 from $3.12, previously.

The brokerage has also increased its FY2021-2022 distribution per unit (DPU) forecasts to factor in interest cost savings from the perpetual securities issued in September.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook